Nationwide: £32 Free Cash
20 mins£96/hr
Nationwide is a building society offering current accounts, savings, mortgages and other personal finance products.
Offer overview
Chris · Your personal guide
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Open a Nationwide Flex Regular Saver at a variable 6.5%. It's online and app only.
You need a Nationwide current account first.
Step by Step Guide
- 1Log in to your Nationwide Internet Bank or Banking app
- 2Navigate to Savings and select ‘Flex Regular Saver’
- 3Open the account — you’ll need to make your first deposit within 28 days or the account will be closed
Your 12-month term starts from the date you open the account
- Transfer your chosen amount (up to £200) into your new Flex Regular Saver
This first deposit must arrive within 28 days of opening the account
You can transfer from your Nationwide current account or any other UK bank account via electronic transfer
- Deposits are per calendar month, so transfer early (ideally the 1st) to earn interest for the full month.
- Automate it: set up a standing order to your Flex Regular Saver. If your salary arrives at the end of the month, schedule the order for the 1st of the month.
- Prefer doing it manually? Set a monthly reminder instead.
- You can deposit any amount from £1 to £200 per calendar month. Any overpayment above £200 will be returned.
After 12 months, your account converts to an instant access savings product automatically
- The instant access rate will be lower — so move your money to the best available savings account
Nationwide will contact you before maturity with your options
You can withdraw via Internet Bank, Banking app, or in branch
Quick review
Nationwide
Wondering whether Nationwide is worth it beyond the bonus? Here is our honest take.
The UK's biggest building society, owned by its members and known for branches that aren't going anywhere. Quidsy has a live £175 Nationwide switch offer: switch an account with at least 2 Direct Debits, then pay in £1,000 and make 1 debit card payment within 31 days. Suits anyone who wants a solid, branch-backed main bank rather than a digital-only setup. Just don't expect chart-topping savings rates here.
Chris' verdictYour personal guide, QuidsyNationwide is one of my favourites among the high-street names. The mutual structure means decisions tend to lean in the member's direction rather than the shareholder's, the branch network is now the biggest of any UK banking brand and is locked in until 2030, and the mobile app holds its own against the digital-only banks.
If you want a primary current account that feels solid rather than flashy, FlexDirect is a strong pick, 5% on up to £1,500 for the first year is one of the best in-credit rates around, as long as you can pay in at least £1,000 a month and you haven't held a FlexDirect before.
A few honest caveats. Nationwide rarely tops the savings tables, so if your priority is squeezing the maximum interest out of every pound, you'll probably want a separate easy-access account elsewhere alongside the current account.
The December 2025 FCA fine for old AML failings was real money and a fair black mark, even though Nationwide says no customer lost money and the controls have been rebuilt. And the Virgin Money integration that completed in April 2026 is still very fresh, the two brands are running in parallel for now, so if you bank with both, double-check your combined FSCS coverage.
Nationwide also has a £175 switch offer running on Quidsy, which makes it an "open it for the cash" pick as well as an "open it because it earns its keep" one.
Nationwide Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority under registration number 106078. Eligible deposits are protected up to £120,000 by the Financial Services Compensation Scheme.